RSM Australia

Tax insights

Tax Insights

Single Touch Payroll Reporting – Clarity for small employers?

12 December 2018
After considerable delays in the Senate, small employers now have some clarity surrounding the implementation date for Single Touch Payroll reporting (“STP”).  The Treasury Laws Amendment (2017 Enterprise Incentives No. 1) Bill 2017 was passed by the Senate on Wednesday 5 December 2018 with a proposed amendment.

How businesses can avoid being caught off-guard by payroll tax

3 December 2018
Following high-profile cases of businesses failing to adequately pay their workers, some of those same businesses are being investigated for failing to pay their state payroll tax.

Bridging the governance gap

28 November 2018
Having worked with companies to implement tax governance frameworks for over 15 years, I’m seeing the first signs that tax governance is truly going mainstream.

Why franchisees have to be proactive when it comes to payroll

26 November 2018
Franchisees usually get a lot of help from franchisors when it comes to marketing, branding, and daily operations. One area where some franchisees seem to be left out in the cold is in managing payroll.

New black economy measures target withholding obligations and tax deductions

21 November 2018
An extra layer of complexity is added for small businesses as new measures to tighten grip on the black economy targets withholding obligations and tax deduction.

Labor party updates policy - implications for negative gearing and CGT

20 November 2018
Implications for negative gearing and capital gains tax concessions

Division 7A or Doomsday

31 October 2018
Treasury Releases Consultation Paper

Satyam Computer Services v ATO: international tax war intensifies

25 October 2018
Satyam Computer Services has returned to the Australian Courts to again contest Australia’s taxing rights over fees paid by Australian customers for IT/technical services performed by Satyam employees based in India.

Integrity approach to small business CGT concessions adds layers of complexity.

15 October 2018
After careful deliberation, the Bill limiting access to the Small Business Capital Gains Tax (CGT) Concessions, Treasury Laws Amendment (Tax Integrity and Other Measures), was passed in Parliament on 20 September 2018.

Corporate tax rates – what lies beneath, a set of steak knives perhaps?

12 October 2018
A joint media release by PM Scott Morrison and Treasurer Josh Frydenberg announces more changes to corporate tax rates.